There are so many construction guys here in town trying to flip houses, it's ultra competitive.

Let's break things down.The real estate industry is a very high income business for the ultra talented & successful agents.

Funny as boasting is overtaken by failing to qualify.

@Ryan Pal TrafficMaster (makes Allure & Allure Ultra) is one of many brands of luxury vinyl plank flooring.

Clint Coons, an asset protection attorney and I will be hosting a webinar on how to use strategic investing strategies, keeping your assets protected, while ensuring your ability to qualify for ultra low bank financing opportunities. - how to obtain up to 20 financed properties through conventional financing- how to structure your lease option to avoid dodd frank provisions- how to literally create/increase/maintain qualifying income- how to buy with little to no money down- asset protection from an asset protection attorneySign up below:http://andersonadvisors.com/outsmart-the-banks

Also when you focus on ultra luxury, there are problems with these properties as your margins get cut a bit.

I work with ultra high net worth investors but I am going on 13 years in the business.When you first transition to commercial you will tend to work on the smaller deals say under 1 million.

If you're not ultra concerned about monthly cash flow or a high cash on cash ROI in the short/near term and are more looking at playing the long game, you will probably hit the six figure mark in equity after about 10 years (as well as probably cash flowing better after 5 - 10 years).

They are ultra,ultra conservative.I had a lender for a smaller town with a client who was putting 60% down at 1,300,000 purchase price tell me at 40% LTV they wanted full recourse on the borrower.

But more specific questions will get more more specific answers.Here's the ultra readers digest version.If you want to fix and flip house, buy them at 70% of ARV, less the costs of repairs.